| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $34M | $37M | $27M | -8.8% | 27.1% |
| Op. Income | -$18M | -$21M | -$19M | 16.2% | 6.3% |
| Gross Margin | 60.2% | 57.4% | 56.9% | 2.8pp | 3.3pp |
| Net Margin | -59.8% | -63.2% | -72.8% | 3.3pp | 13.0pp |
| EPS (Diluted) | $-0.36 | $-0.42 | $-0.35 | 14.3% | -2.9% |
| Free Cash Flow | -$18M | -$21M | -$32M | 15.6% | 44.1% |
| Item | Amount |
|---|---|
| REVENUE | $34M |
| Cost of Revenue | $13M |
| GROSS PROFIT | $20M |
| R&D Expenses | $1M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $35M |
| Other Expenses | $2M |
| Operating Expenses | $38M |
| Cost & Expenses | $52M |
| OPERATING INCOME | -$18M |
| Interest Income | $38.0K |
| Interest Expense | $2M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$20M |
| Income Tax Expense | $12.0K |
| Net Income from Continuing Ops | -$20M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$20M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$20M |
| D&A | $920.0K |
| EBIT | -$17M |
| EBITDA | -$16M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$20M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$4.0K |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$17M |
| Capital Expenditure | -$899.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$390.0K |
| NET CASH FROM INVESTING | -$899.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$759.0K |
| NET CASH FROM FINANCING | -$759.0K |
| FREE CASH FLOW | -$18M |
| Net Change in Cash | -$19M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $66M |
| Short-Term Investments | $0 |
| Net Receivables | $21M |
| Inventory | $22M |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $116M |
| PP&E (Net) | $4M |
| Goodwill | $21M |
| Intangible Assets | $49M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $77M |
| TOTAL ASSETS | $193M |
| Account Payables | $9M |
| Short-Term Debt | $0 |
| Deferred Revenue | $10M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $51M |
| Long-Term Debt | $72M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $25.0K |
| Other Non-Current Liabilities | $39M |
| TOTAL NON-CURRENT LIABILITIES | $112M |
| TOTAL LIABILITIES | $163M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $514M |
| Retained Earnings | -$484M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$368.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $29M |
| Minority Interest | $0 |
| TOTAL EQUITY | $29M |
| TOTAL LIABILITIES & EQUITY | $193M |
| Total Debt | $75M |
| Net Debt | $9M |
